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Ethereum Network’s Rising Gas Fees in 2023: A Balancing Act of Growth and Cost
3.2.2023
Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s gas fees have also seen a similar increase. As...
Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse
2.2.2023
The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX. Smart Contract Economy and Defi TVL Bounces Back...
Arbitrum-Based Vest Exchange Emerges, Aims to Democratize Perpetual Futures
31.1.2023
A new decentralized exchange (dex) on Arbitrum, called Vest Exchange, was announced this past weekend, and the team that created the project said the platform aims to focus on democratizing perpetual futures. The team behind Vest further detailed that the new Arbitrum dex is backed by firms such...
Decentralized Exchange Vela’s DXP Token Surges Ahead of Beta Release on Arbitrum
27.1.2023
The utility token has rallied 50% in the past 24 hours and more than doubled since Wednesday ahead of the release of its widely anticipated beta version next week
Polygon Derivatives DEX Gains Network Crosses $1.5B in Trading Volume on Arbitrum
27.1.2023
Trading volumes on Gains Network deployed on Arbitrum reached $230 million in the past 24 hours alone, data shows
MYSO goes live on the Arbitrum Goerli Testnet for L2 expansion
25.1.2023
MYSO recently announced going live on the Arbitrum Goerli Testnet. The DeFi protocol released a string of tweets on its official channel about the launch. According to the tweets, Arbitrum users can now access Zero-Liquidation loans from MYSO Finance. The move falls in line with MYSO’s attempts...
Arbitrum Nova and Elixir team up to work on Web3 gaming
24.1.2023
Both entities, Arbitrum Nova and Elixir, are ecstatic about the potential of their profitable partnership. This collaboration aims to boost the overall growth potential of the Web3 gaming industry. This will be accomplished by effectively exploiting the services provided by Arbitrum Nova and, as...
Soaring growth of Ethereum layer-2 networks set to continue in 2023
19.1.2023
Leading layer-2 networks on Ethereum have seen a surge in daily active users and fees recently
Ethereum Gas Fees Spike as ETH Value Rises: Average Onchain Fees Jump by More Than 50%
19.1.2023
While the second-largest crypto asset by market capitalization, ethereum, has risen 27% against the U.S. dollar in the last two weeks, the network’s average and median-sized gas fees have increased by more than 50%. On the first day of 2023, the average fee to spend ether was around $2.93...
Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum’s Daily Transfer Count
16.1.2023
Since The Merge, Ethereum’s onchain fees have been considerably lower. However, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum’s onchain transaction output. On Saturday, Jan. 14, 2023, Ethereum processed 1.10 million onchain...
GumBall Protocol goes live on Arbitrum
12.1.2023
GumBall Protocol has gone live on Arbitrum. The news was shared by GumBall Protocol on Twitter, adding that more information will be shared on the official Discord channel. Meanwhile, followers can retweet the announcement to claim one free LiquiCat, an NFT collection that is currently in...
Optimism and Arbitrum flip Ethereum in combined transaction volume
11.1.2023
The two layer-2 networks processed more than 1.1 million transactions combined on Jan. 10
Smart Contract Platform Tokens See Double-Digit Gains, Boosting Defi TVL Above $40 Billion
9.1.2023
Decentralized finance (defi) and smart contract platform tokens rallied on Monday morning (ET) and the total value locked in defi jumped above the $40 billion zone for the first time since mid-December 2022. The top smart contract platform coins by market capitalization increased 7.1% on January...
OpenSea announces support for Arbitrum Nova
9.1.2023
Arbitrum Nova is now supported by OpenSea, the largest marketplace for non-fungible tokens and digital collectibles. OpenSea will also join DAC, short for Data Availability Committee, to provide access to on-chain data and improve data accuracy. The new outcome of the partnership where OpenSea...
Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation
5.1.2023
According to onchain research, wallets connected to Sam Bankman-Fried, the disgraced co-founder of FTX, transferred a significant number of previously unreported transactions across various blockchains. The transfers were discovered by Conor Grogan, a director at Coinbase, and while most of...
Arbitrum One goes live on Nitro
2.1.2023
The moment seems to have finally arrived when the Arbitrum is functioning live on Nitro. For all concerned and connected users, this simply means they will now have the added benefit of an increased amount of throughput and immensely lesser fees. There will also be the factor of the new-age rollup...
Gamma Strategies gets positioned live on Arbitrum
29.12.2022
Gamma Strategies has now been successfully positioned live on the Arbitrum. As an entity, Arbitrum has reached its pinnacles over some time and, as of date, happens to have become the fourth biggest in terms of the overall ecosystem. However, where the L2 ecosystem is concerned, it is now...
NFT Sales This Week Jumped 27% Higher, Cryptopunks Rise Above Bored Apes
14.12.2022
On Dec. 14, 2022, statistics show that non-fungible token (NFT) sales jumped 27.72% higher than NFT sales recorded last week. The Bored Ape Yacht Club (BAYC) NFT collection captured the most sales this week but on Wednesday afternoon, the floor value tied to Cryptopunks once again jumped above...
Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance
11.12.2022
Arbitrum-based lending platform Lodestar Finance was exploited on Dec. 10, 2022, according to a tweet from the project’s Twitter account on Saturday. Community reports detail that Lodestar lost roughly $6.9 million from the vulnerability. Lodestar Finance Loses $6.9 Million in an Exploit,...
GammaSwap officially launches on the Arbitrum Network
9.12.2022
GammaSwap recently released a tweet about officially launching on the Arbitrum network. The integration will help GammaSwap collaborate with Arbitrum to be a part of the upcoming DeFi innovation. The platform shared a string of tweets to inform users about the launch. According to GammaSwap...